At a summit bogged down by simmering trade tensions, Prime Minister Lee Hsien Loong joined several world leaders in a call to strengthen the global trading system that has helped countries large and small prosper, adding that it was important to get the politics right. This will help sustain policies that support global trade and […]
(Reuters) – Oilfield services firm Weatherford International [WFTIF.PK] on Friday filed a prepackaged restructuring plan with the U.S. Securities and Exchange Commission, according to a regulatory filing. The company, which has struggled under a heavy debt burden and years of losses, warned in May that it expected to seek Chapter 11 bankruptcy protection after failing […]
BUENOS AIRES (Reuters) – Argentina will water down a tax hike on liquid fuels, the country’s energy secretariat said on Friday, as it faces a biting recession and President Mauricio Macri seeks to rein in rising prices. The hike, postponed since early June, will be 3.9%, well below the 11.8% expected based on the usual […]
(Reuters) – A surge in German shares helped European equities mark their best first-half performance in over two decades on Friday, with investors awaiting the outcome of U.S-China trade talks to see if the rally can continue. The pan-European STOXX 600 closed up 0.7%, with Frankfurt’s trade-sensitive DAX .GDAXI outperforming other major indexes with a […]
SINGAPORE – The Immigration and Checkpoints Authority (ICA) warned the public on Friday (June 28) of a scam involving a caller pretending to be one of its officers. ICA said a woman received a scam call on Tuesday that showed the number of its call centre, 6391-6100. The caller asked the victim questions about her […]
LONDON (Reuters) – What a six months for financial markets. Global equities have piled on $8 trillion, bonds are on fire, oil prices have surged by almost a quarter and a Greek bank is one of the world’s best performing stocks. Everything added together it may well be the best first half of a year […]
SINGAPORE – Worshippers attending Friday prayers at the Sultan Mosque were invited to choose between puffing on a cigarette and exchanging it for different kind of puff – a curry puff. The national mosque at Kampong Glam was one of six mosques islandwide that took part in the “Puff for a Puff” initiative on Friday […]
TOKYO (REUTERS) – Former Nissan boss Carlos Ghosn abruptly cancelled plans on Friday (June 28) for what would have been his first press conference since his arrest in November, after his daughters expressed concern it could invite retaliation by Japanese authorities, his lawyers said. “In Japan we just don’t know what terrible thing will happen […]
SINGAPORE – About 30kg of duty-unpaid loose tobacco was found during a baggage check at Changi Airport Terminal 2 on Wednesday (June 26). In a Facebook post on Friday, the Immigration and Checkpoints Authority (ICA) said that an immigration officer referred a 58-year-old Chinese man for further checks at the baggage screening on Wednesday. During […]
India’s north-eastern state of Assam is a veritable tinder-box. So why does it periodically erupt into violence and blood-letting? The latest bout has left about 40 dead and displaced tens of thousands. The state remains tense as the army has been issued with “shoot on sight” orders. At the heart of Assam’s troubles is a […]